Richmond is in the bottom 30% in VIC when comparing median price capital growth over the last year. Richmond gave property investors a disappointing capital gain figure when compared to the rest of the state, with 3.74%.
Across a shorter period, Richmond, 3121 has seen a median price increase of -0.31% over the last quarter.
Richmond, 3121 is offering VIC ‘s 156th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.
Using the current median advertised rental of $660 and the average annual increase in value of a median property of 6.57%, investors should hope to achieve an overall return of 2.69%
VIC has seen average median house prices change by 7.50% which means that Richmond, 3121 has done well for property investors by showing a capital gain of -2.41% over the last year
Taking the average capital gain, or increase in median house value, Richmond,3121 has racked up an average of -2.41% over the period. This ranks it number 1321th in the whole country for real estate investors looking at median house price increases.
At number 115th of VIC’s most discounted properties, Richmond is in the bottom 40% of the state/territory when listing in order of most discounted to least.
Property investors should expect to get $460 weekly from the median priced house in this suburb.